Tag: Indian express business news
Many exporters, importers reluctant to hedge forex exposure
Despite the 11.2 per cent fall in the rupee’s value in 2022, a large section of exporters and importers are reluctant to fully hedge their foreign exc [...]
Rupee breaches 81, policy challenge: let it find its value or burn forex, hike rates
As the rupee breached the 81-mark to the US dollar intra-day Friday, policy makers in New Delhi are in a dilemma with the Reserve Bank of India (RBI) [...]
Centre intervening to cushion Re slide, boost dollar inflows
With the rupee weakening to record low levels and the RBI reportedly preventing it from falling below 80 against the US dollar last week, government s [...]
FY22: As Covid curbs ease, outward remittances up 55% to all-time high
Foreign exchange, including the US dollar and euro, taken out of the country by resident Indians has shot up by 54.60 per cent during the fiscal ended [...]
‘India builds up forex reserves as China, others eye foreign assets’
With countries led by China focussing on accumulating assets abroad rather than boosting foreign exchange (forex) reserves, global forex reserves as a [...]
Currency assets boost forex reserves to $631.9 bn
For the week ended March 4, the forex reserves posted a gain of $394 million to end at $631.92 billion, data from the RBI showed.
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